News
Career file: Chris Beazley
Beazley appointed CEO of London Market Group
Career development: Women in Finance Charter
Insurers have been rallying around the Women in Finance Charter as a way of pushing for more women in senior roles.
SSP posts £13m profit on back of ‘secure’ customer base
Software house SSP has made operating profits of £13m for 2015, and the company said its future growth prospects are “exciting”.
Go Compare valued at £425m ahead of demerger
Go Compare could have a value of up to £425m once it lists independently on the stock exchange, analysts believe.
Enterprise deficit nine times larger than predicted
Failed Gibraltar insurer Enterprise had a total deficit of £96.4m, almost nine times more than the original estimate of £11m.
Zurich paid out more than £1bn worth in claims during first half of 2016
Zurich has paid more than £1bn in claims during the first half of 2016 with payout figures reaching higher than Axa.
Motor premiums continue to rise into third quarter
The average comprehensive motor insurance premium has risen by 9% over the last year, according to the Association of British Insurers.
FCA to consult on making FSCS levy more affordable
The financial services watchdog is looking to “improve affordability” for firms that contribute to the Financial Services Compensation Scheme.
IUA body to monitor emerging technology
The International Underwriting Association is establishing a new focus group to assess the future impact technology will have on London underwriting.
Biba urges Chancellor not to increase Insurance Premium Tax
The British Insurance Brokers' Association is urging the government not to increase Insurance Premium Tax in the Autumn Statement.
#Post People 31 October - 4 November
This week's latest movers and shakers.
Hong Kong Insurance Awards 2016: The Winners
Manulife and Prudential both won three awards at the Hong Kong Insurance Awards 2016.
New insurtech enters the market to drive uptake in cyber policies
New insurtech start-up, Cyberfense, has been approved by the Financial Conduct Authority and can now operate as an MGA.
Incoming Axa CEO McCafferty welcomed by brokers
Brokers have reacted positively to Brendan McCafferty’s appointment to Axa CEO for intermediated and direct.
Brendan McCafferty appointed intermediated and direct CEO of Axa
Axa has appointed Brendan McCafferty as CEO, intermediated and direct, assuming the duties left following Amanda Blanc’s promotion to group CEO.
Imperial Consultants reveals new management team
Imperial Consultants has unveiled its new management team with former insurers leading development projects for the loss adjuster.
SMEs will be hit hardest by a UK terror attack
Small and medium size enterprises will be hit hardest in the event of a terrorist attack in the UK, according to Pool Re’s Quarterly Threat Report.
Government releases report to help homeowners prepare for flooding
The government has teamed up with the insurance industry to deliver a report that will help customers better protect their homes and businesses from flooding damage.
This week in Post: Tricks and treats
This week, some Post colleagues and I went to a Halloween party dressed as whiplash victims. The joke was lost on other attendees, whose business was mainly commercial lines, and we ended up reassuring walking vegetables, bloody nurses and train engines…
Consumers crave 'all in one' insurer
An overwhelming proportion of consumers would buy all their insurance cover from a single company if they could, according to survey findings.
Gallagher continues to see strong growth into Q3 2016
Arthur J Gallagher’s broking division saw strong growth in the first nine months of the year, with net earnings increasing 23% to $97.7m (£80.2m) compared to $75.5m (£62m) for the same period last year.
Biba urges government to ring-fence further IPT revenue for flood defences
The British Insurance Brokers' Association is calling on the government to ring-fence extra revenue from the Insurance Premium Tax for flood defences.
Government 'does not understand' cyber threat to driverless cars
The government does not fully understand the risk posed to driverless cars by hackers, Parliament heard.
Insurers 'must adapt lines to changing terrorist threat'
Insurers must create new lines of cover to protect against the changing threat of terrorism, according to a new report.